Sugar prices may ‘spike’ despite better supplies

images3.jpg

Sugar prices remain vulnerable to "spikes" despite improved hopes for a production surplus, given the extent to which stocks have fallen – and with 2012-13 unlikely to usher in freer supplies. The International Sugar Organization, in quarterly briefing, raised by 250,000 tonnes to 4.46m tonnes its forecast for the output surplus in 2011-12. The revision…


Ukraine corn farm claims 300-bushels-per-acre crop

images2.jpg

Move over Midwest. Ukraine, which is already rattling Chicago nerves by taking US export trade in corn, is showing pre-eminence in growing the grain too, with one producer claiming a 300-bushel-an-acre yield. The mean US yield this year, even at a disappointing 146.7 bushels per acre according to latest official estimates, is far better than…


Poor weather dashes EU plans to lift rapeseed area

images.jpg

Poor weather has thwarted plans by European Union farmers to raise oilseed sowings and cash in on relatively firm prices of crops such as rapeseed, for which rising biodiesel use has turned the bloc into an importer. Strategie Grains said that, while farmers had started out with plans to raise oilseed sowings for the 2012…


Cotton prices rise amid hopes for Chinese orders

images1.jpg

Cotton prices edged higher for a fourth day amid talk that the huge order by China of US supplies last week was not a one-off – although caution remained about a sustained recovery. New York cotton for December delivery added 0.3% to 103.80 cents a pound on Thursday, ahead of US weekly export sales data…


Organic farming: Going against the grains

images9.jpg

Harn Soper understands why the vast majority of Iowa farmers focus on producing grain for biofuels and livestock feed. “It’s hard to walk away from a model that lets you grow corn and soybeans in the summer, harvest in the fall and head for Florida in winter,” Soper quipped. Soper, 63, has returned to his…


Iran: Shrimp production on rise

images8.jpg

Iran will produce about 8,000 tons of cultured shrimp in the current Iranian year (started March 21), indicating a 20-percent increase against the figure for the same period last year. Stating this, Deputy Minister of Agricultural Jihad Gholamreza Razeqi told ISNA that shrimp production capacity should reach 50,000 tons a year by the end of…


Illy boss cools Brazil coffee harvest hopes

images6.jpg

The head of coffee giant Illy took some air out of ballooning hopes for Brazil’s coffee output next season, saying it may fall short of figures of 60m bags mentioned by some observers. Andrea Illy, the Illy chairman and chief executive, and grandson of the group’s founder, agreed that Brazil looked set for a strong…


Ukraine wheat misses out on Egyptian order

images7.jpg

Ukraine, while regaining clearance as an approved wheat exporter to Egypt, will have to wait longer to win an order, being undercut at tender by supplies from neighbouring Russia. Ukrainian wheat was offered at $249.92 a tonne at the first tender by officials at Egypt’s General Authority for Supply Commodities (Gasc) since they readmitted the…


Strong rise in cane sugar levels depresses prices

download3.png

Data showing that a late-season rebound in cane sugar concentrations had beaten industry expectations added to pressure on sugar prices, which lost early gains to close down 2%. Investors had been prepared for some uptick in cane sugar levels in the closing weeks of the Brazilian crushing season after a series of sector rumours and…


Egypt in talks with lender to ease cotton ‘crisis’

images5.jpg

Egypt’s government is locked with bankers over $500m in financing for the country’s cotton growers, and help resolve a "crisis" evident in a 90% collapse in exports, and which is confronting both traders and farmers will losses. Agriculture ministry officials are in talks with the state-owned Principal Bank for Development and Agricultural Credit, Egypt’s main…


Page 4 of 139« First...23456...102030...Last »